Educomp Solutions allots 95715 Shares on conversion of FCCB's

Educomp Solutions Ltd has announced that in accordance with the Offering Circular dated October 13, 2006 of USD 25 million Foreign Currency Convertible Bonds (FCCBs) issue Company has received conversion notice in respect of 189 bonds aggregating to US$ 1.89 million from the bond holders. Accordingly, the Board of Directors by passing the resolution by circulation on August 01, 2007 has allotted 95,715 Equity Shares of the Company to the respective Bond holders who have exercised their conversion option.

Further after allotment of 95,715 shares, Paid up Share Capital of the Company has increased from Rs 17,10,48,180/- consisting of 1,71,04,818 equity shares of Rs 10/- each to Rs 17,20,05,330/- consisting of 1,72,00,533 equity shares of Rs 10/- each.

Source : Equity Bulls

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